By Richard Gordon and Andrew P. Morriss
June 2014
Money “moves” internationally through electrons and physically among financial institutions and non-financial institutions as part of global trade in legitimate goods and services and as part of legitimate transnational capital investment, and, regrettably, as part of criminal enterprise. Some analysts argue that the movement of a large amount of these funds through offshore financial centers (OFCs) suggests a problem with the financial system that puts “global financial capital…beyond the control of any one national government, able effectively to cast judgment on the fiscal and monetary policies of nation states themselves through the disciplinary fear of capital flight.”
httpss://drive.google.com/file/d/0BzhnaJ6HIpm2SF96YndNamtjNUU/edit?usp=sharing
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